Mahindra and Mahindra Financial Services Limited is one of India’s leading non-banking finance companies. Through a vast network of branches, we provide personalised finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector.
MMFSL’s rural financing is considered as the cornerstone of poverty reduction, rural development and inclusive growth in many parts of the country. With a majority of our country’s population living in rural India, our loans to over 20,00,000 customers belonging to the low income groups have proved to be a catalyst in helping rural India surge ahead in a big way.
Our unique business model is socially inclusive as we help customers who are at the bottom of the income or social pyramids to grow by providing them loans based on their future earning capacities. It is also our continuous endeavour to develop skill sets at the local level. We currently provide employment to over 9700 people who belong to the areas in which we serve, ensuring that our employees truly understand their customers.
Since 1945, we, at the Mahindra Group, have remained and will continue to remain partners in the progress of rural India, through both growth and turbulence. We salute the spirit of every Indian living off the land and move ahead, trying to understand the financial needs of rural India and tapping into this vast market of unbounded opportunities.
Our goal is to be the preferred provider of retail financing services in the rural and semi-urban areas of India, while our strategy is to provide a range of financial products and services to our customers through our nationwide distribution network.
Aim / Vision / Mission
To be a Leading financial services provider in semi-urban and rural india
Commenced financing of Mahindra and Mahindra Utility Vehicles.
Opened our first branch outside Mumbai, at Jaipur.
Commenced financing M&M dealers for purchase of tractors.
Launched a pilot project for retail tractor financing.
Commenced tractor retail financing in rural and semi-urban areas
Total Assets crossed the 10 billion mark.
Commenced financing of non-Mahindra & Mahindra vehicles. Received Tier II debt from International Finance Corporation. Made our first securitisation transaction of Rs 438.8Million.
Opened a branch in Port Blair. Received a long-term credit rating of AA+/Stable. Commenced Insurance Broking through our subsidiary MIBL. Securtisation of tractor assets of Rs.256.6 million. Listing of non convertible debentures on BSE on the wholesale debt market segment.
Tied up with HPCL Made Mahindra Insurance Brokers Ltd our wholly owned subsidiary.
Issued our IPO. Tied up with Maruti Udyog Limited.
Reach extended to over 400 branches.
Commenced the home loan business through our subsidiary, Mahindra Rural Housing Finance Limited (MRHFL)
Recommenced Fixed Deposit programme. Received 12.5% equity participation from NHB for our Subsidiary Mahindra Rural Housing Finance Ltd.
Assets Under Management crosses Rs. 10000 crores. PBT crosses Rs. 500 crores. Branch network crosses 550 branches. More than 2 lakh new customer contracts in a financial year for the first time.
Crossed the benchmark of Rs. 100 billion in Total Assets Maiden QIP Issue Joint Venture with Rabobank subsidiary for tractor financing in USA Consolidated the product portfolio by introducing Small and Medium Enterprises (SME) financing
Crossed the benchmark of financing more than 2 million customers Maintained an 18% Capital Adequacy, complying with the minimum requirement of 15% set by the RBI CRISIL reaffirmed 'CRISIL AA+/ Stable' rating to the Company’s long-term debt instruments and bank facilities Mahindra Finance wins the inaugural Porter Prize in the category of Creating Distinctive Value MRHFL selected as the winner of the Golden Peacock Innovation Management Award